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Value Creation in M&As in Sweden - Is the Stock Market Able to Predict Customer Reactions?

Bahtiri, Besnike and Stigborn, Amelie (2011)
Department of Business Administration
Abstract
Title: Value Creation in M&As in Sweden - Is the Stock Market able to Predict Customer Reactions?
Seminar date: 2011-05-31
Course: BUSM36, Degree Project Master level in Corporate and Financial Management, Business Administration Master level, 15 University Credit Points (15 ECTS)
Authors: Besnike Bahtiri and Ammeli Stigborn
Advisor: Rikard Larsson
Five key words: M&As, Sweden, customer reactions, post-acquisition share price, event study. Purpose: This study evaluates whether the stock market is able to predict the post-acquisition reactions of the business market (customers).
Methodology: Quantitative method combined with an event study, using multiple regression analysis.
Theoretical Perspectives: Our hypotheses are mainly based on... (More)
Title: Value Creation in M&As in Sweden - Is the Stock Market able to Predict Customer Reactions?
Seminar date: 2011-05-31
Course: BUSM36, Degree Project Master level in Corporate and Financial Management, Business Administration Master level, 15 University Credit Points (15 ECTS)
Authors: Besnike Bahtiri and Ammeli Stigborn
Advisor: Rikard Larsson
Five key words: M&As, Sweden, customer reactions, post-acquisition share price, event study. Purpose: This study evaluates whether the stock market is able to predict the post-acquisition reactions of the business market (customers).
Methodology: Quantitative method combined with an event study, using multiple regression analysis.
Theoretical Perspectives: Our hypotheses are mainly based on theory regarding stock market and business market reactions following M&As. Moreover, we cover combination potential, cross-border M&As, relative size and acquisition experience. Lastly, we theorize the connection between stock market reactions versus business market reactions to every explanatory variable.
Empirical foundation: 176 M&As that occurred between 1990 and 2007 and where the acquiring firm is Swedish. Conclusions: We are not able to prove that the stock market is able to predict the actions of customers; however, we recognize some relationships and trends regarding share price changes versus combination potential and M&A experience. Moreover, we also illustrate that there seems to be a trend between customer reactions and combination potential, cross-border M&As versus M&A experience. (Less)
Please use this url to cite or link to this publication:
author
Bahtiri, Besnike and Stigborn, Amelie
supervisor
organization
year
type
H1 - Master's Degree (One Year)
subject
keywords
M&As, Sweden, customer reactions, post-acquisition share price, event study, Management of enterprises, Företagsledning, management
language
Swedish
id
2061531
date added to LUP
2011-05-31
date last changed
2012-04-02 18:55:26
@misc{2061531,
  abstract     = {Title: Value Creation in M&As in Sweden - Is the Stock Market able to Predict Customer Reactions?
Seminar date: 2011-05-31
Course: BUSM36, Degree Project Master level in Corporate and Financial Management, Business Administration Master level, 15 University Credit Points (15 ECTS)
Authors: Besnike Bahtiri and Ammeli Stigborn
Advisor: Rikard Larsson
Five key words: M&As, Sweden, customer reactions, post-acquisition share price, event study. Purpose: This study evaluates whether the stock market is able to predict the post-acquisition reactions of the business market (customers).
Methodology: Quantitative method combined with an event study, using multiple regression analysis.
Theoretical Perspectives: Our hypotheses are mainly based on theory regarding stock market and business market reactions following M&As. Moreover, we cover combination potential, cross-border M&As, relative size and acquisition experience. Lastly, we theorize the connection between stock market reactions versus business market reactions to every explanatory variable.
Empirical foundation: 176 M&As that occurred between 1990 and 2007 and where the acquiring firm is Swedish. Conclusions: We are not able to prove that the stock market is able to predict the actions of customers; however, we recognize some relationships and trends regarding share price changes versus combination potential and M&A experience. Moreover, we also illustrate that there seems to be a trend between customer reactions and combination potential, cross-border M&As versus M&A experience.},
  author       = {Bahtiri, Besnike and Stigborn, Amelie},
  keyword      = {M&As,Sweden,customer reactions,post-acquisition share price,event study,Management of enterprises,Företagsledning, management},
  language     = {swe},
  note         = {Student Paper},
  title        = {Value Creation in M&As in Sweden - Is the Stock Market Able to Predict Customer Reactions?},
  year         = {2011},
}